The Interstate Commerce Commission (ICC) (1887–1995) was the very first attempt by Congress and/or the federal government to regulate the railroads; regulation had previously come solely from the states
Indicate whether the statement is true or false
True
Economics
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Why are firms in oligopoly interdependent?
What will be an ideal response?
Economics
The most important U.S. anti trust law:
a. Hampton Act b. Rule of Reason c. Sherman Act d. Wagner Act e. All of the above
Economics
For most firms, economic profit is:
a. less than accounting profit. b. equal to accounting proft c. greater than accounting profit. d. negative
Economics
The main purpose of HMOs and PPOs is to:
A. reduce health care costs for employers and their employees. B. reduce medical malpractice suits. C. enable groups of physicians to increase their fees. D. direct patients to specialists rather than to more expensive primary-care physicians.
Economics